Lessons for your small business from the recent bank failures
Don’t be passive about your accounts over $250K The collapse of Silicon Valley Bank (SVB), followed closely by Signature Bank, earlier this month has a lot of small businesses and startups doing some self-reflecting on the way they manage their finances. Many...
Small businesses continue to face macroeconomic uncertainty
But planning, budgeting, and forecasting can protect your business. It’s anyone’s guess when or if a recession will actually hit the US economy, but small businessowners are cautious. Many thought that by now, the economy would have seen bigger headwinds, but...
Jonathan Bill explains importance of managing cash flow on small business podcast
Jonathan Bill, owner of SBS, recently cautioned listeners on the Small Biz Flash podcast to avoid conflating profit with cash. That is a whopper of a mistake, and can easily push a small company out of business if there aren’t enough cash reserves to cover...